Bloomberg Surveillance · Friday, October 2, 2026
Inflation is proving to be sticky and potentially moving in the wrong direction, driven by elevated energy prices and broad-based increases across goods and services. The impact of energy costs on transportation and other goods is expected to persist, making inflation a significant challenge.
“Yeah, inflation is really being driven right now by high energy prices. Those high energy prices when the Iran war started were maybe seen as a short-term blip, but it's really looking like a long-term pressure on prices that's working its way throughout the market.”
“As it becomes more expensive to fill up a tank for a big truck transporting goods across the country, those goods are going to become more expensive as those energy and gas prices remain elevated. And we're starting to see that across the economy now.”
“Services inflation is not going to see much relief either. And then you have this underlying AI inflation that's coming through the system. And we're not entirely convinced that's even interest rate sensitive.”